Nantong Jianghai Capacitor Co. Ltd. (SZSE:002484) agreed to acquire Capacitor Business And Vapor Deposition Film Business Of Hitachi Chemical And Hitachi AIC from Hitachi Chemical Company, Ltd. (TSE:4217) and Hitachi AIC Inc. on January 28, 2020. The board of Hitachi Chemical Company resolved the transaction on January 20, 2020.

The transaction does not require approval of shareholders in general meeting. As a part of the transaction, Hitachi Chemical Company will sold 60% stake and Hitachi AIC will sold 40%. As a part of the transaction Hitachi Chemical Company will transfer 60 shares and Hitachi AIC will transfer 40 shares.

Conclusion date of share transfer agreement is planned to be February 3, 2020 and transaction is expected to be completed by April 1, 2020. The transaction does not require approval of shareholders in general meeting.